In the world economic growth, the Fingerprint Lock industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Fingerprint Lock market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Fingerprint Lock market size will be further expanded, we expect that by 2024, The market size of the Fingerprint Lock will reach XXX million $.
Overview
A fingerprint door lock is an innovative device used for security solutions. It is a digital door lock that allows people to unlock their doors with a fingerprint. Fingerprint lock is considered as the most reliable, cost-effective, and non-intrusive technology. It is also an excellent substitute for common door locks and an ideal solution to problems of searching for the door key if it is lost. The global fingerprint lock market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global fingerprint lock market is expected to witness significant growth during the forecast period, owing to high adoption of enhanced security systems in various industry verticals.
Market Drivers
Growing adoption of biometrics in various industry verticals is expected to drive growth of the global fingerprint lock market during the forecast period. Fingerprint locks have been used in numerous industry verticals including government institutions for enhanced security. With fingerprint lock systems, only authorized personnel can enter a particular building. Moreover, biometric locks allow government institutions to digitize time and attendance capture. Thus, these factors are expected to drive growth of the market during the forecast period. Furthermore, increasing need to protect identity and critical information about patients is expected to protect propel the global fingerprint locks market growth over the forecast period.
Market Restraint
Risk regarding theft of biometric database is expected to hamper the global fingerprint lock market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global fingerprint lock market during the forecast period. This is owing to high adoption of fingerprint lock in various industries including government, healthcare, and military. Moreover, Asia Pacific is expected to register a lucrative growth rate over the forecast period, owing to growing awareness regarding benefits of fingerprint lock in the region.
Competitive Section
Key players operating in the global fingerprint lock market are ASSA ABLOY, EFUD Electronic Technology, dorma+kaba Group, 800 New Tech Co., Ltd, Stanley Black & Decker, Levell Lock, Allegion, DESSMANN, Marsalock, Wiseteam, Marsalock, Hongda Opto-electron, Westinghouse, Adel, anviz, KAADAS, Honeywell, Tenon, Samsung Digital Door, KSMAK, KEYU Intelligence, and HBS.
Key companies in the market are focused on product launches, in order to expand product portfolio. For instance, in October 2017, Xiaomi Corporation introduced an intelligent fingerprint door lock with an alarm system that triggers if a user fails to unlock the door in 15 trials.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
ASSA ABLOY
dorma+kaba Group
Stanley Black & Decker
Allegion
Marsalock
Westinghouse
anviz
Honeywell
Samsung Digital Door
Archie hardware
GUARE
KEYU Intelligence
HBS
KSMAK
Tenon
KAADAS
Adel
Hongda Opto-electron
Wiseteam
DESSMANN
Levell Lock
800 New Tech Co.,Ltd
EFUD Electronic Technology
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Optical Scanner
Silicon Chips
Ultrasound
Industry Segmentation
Residential Application
Commercial Consumers
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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